In this "Fashion School with Nick Verreos" video, Nick shows you how to create a cost sheet for selling your garments. Knit Fabric Consumption Formula for a Basic T-Shirt Fabric Consumption: Fabric consumption is an important factor in garments merchandising. Reply. 3. Introduction: Garments costing is an important part for an apparel merchandiser.Whole business is totally depends on it. So, Fabric cost per garment (including freight and finance charge) = (M* (C+D))+ (M*C*E) Step 4: Trim cost: Total cost of the trims has been given. Men’s Basic T-shirts, 2. The buyer “VF Asia Ltd. ” provided you the following measurement chart of a knitted printed T-Shirt order by mentioning the order quantity and fabric GSM. Total garment cost = (Fabric cost + Trim cost + Thread cost + Labor Cost), [getWidget results="6" label="recent" type="list"], [getWidget results="6" label="apparel%20news" type="list"]. Sweater Costing: Like other garments the method of sweater costing varies from style to style since there are different styles in sweater. Ladies Nightdress, 4. Send email: Thank you! Get all latest content delivered straight to your inbox. Printing Cost per dozen……………………… $5.00 ………………………. How many quantity of fabric needed to finish a garment that is called fabric consumption. = $16.52 + {($1.20 + $2.00) ×4.13} per dozen i charge $38 for it in my shop. Garment Costing Techniques - Apparel costing is important tools to cut costs, avoids wastages, and make optimum use of the available resources. = [ {825+550}*400*6.45]/10000 grams = 354.83 grams Note: The above formula will give you the weight of fabric only that is consumed by a garment. 5. Whole Business is fully depends on it. Dyeing Cost per kg- $2.00 So, Total FOB cost per dozen with profit% stands at ($42.39 + 12%) = $47.48 Now, total FOB cost per pcs is ($47.48 / 12) = $3.96 So, the factory cost (FOB) per pcs garment is $3.96 So, grey fabrics needed per dozen garments are 4.13kg. Then I will calculate the material cost and labour cost. 1. Students in the apparel merchandising and apparel production fields also need to learn garment costing … Following one is the sample costing sheet for basic concept. Notify me of follow-up comments by email. Like M, N, O and P. So, Fabric cost per garment (including freight and finance charge) = (M*(C+D))+(M*C*E). Printing cost, Prasanta Sarkar is the founder and editor of Online Clothing Study Blog. Printing Cost per dozen- $5.00 Garments Cost of Making (CM) One of the highest productive industries is a garment manufacturing industry where different types of products are manufactured. Following one is the sample costing sheet for basic concept. Students in the apparel merchandising and apparel production fields also need to learn garment costing and pricing method … Woven Garments Costing Sheet: Do necessary costing before taking Garments orders because costing very important work for garments merchandising.This article has three types of garments costing, include all trims and accessories costing and fabric costing. This sheet can be followed for all other knit garments. Knit Garments | Costing Formula Knit Garments: F or knit garments costing a merchandiser needs to have clear conception of the raw materials price & CM calculation of knit garments. Fabric. Various types of packing accessories which are used in garment packing to shipment process. A cost sheet makes the job of garment sample costing easier and faster. This is really very easy to understand and helpful, thanks a lot! Fabric GSM- 140, Many times it is needed to know how we reach the final FOB of a garment order. Cost involves numerous variable factors which are often hard to evaluate accurately and mathematical exactness in difficult to reach. Why Excel sheets are not ideal for garment costing. To calculate the cost of the garment, I will first create a table in excel sheet. Sleeve length with allowance – 56cm Fabric is generally the most significant factor in the costing of a garment. = $42.54 per dozen. Knit merchandising is not so easy thing whatever consumption is one of the key factor for knit merchandising. Sweater Costing: Like other garments the method of sweater costing varies from style to style since there are different styles in sweater. How to Calculate Garments Cost of Making (CM): Calculating the cost of making (CM) for any garment items is an important factor in garments merchandising. Reply. Factors That Have Effects on Costing. There are two types of garments, namely woven and knitted garments. As its importance on garments profit, today I will discuss the easiest costing method for a knitted T-Shirt. After completing grey fabric consumption and costing, all the required fabric processing costs (knitting+ washing cost, dyeing cost) should be added with grey fabric cost. A well-designed cost sheet will help you trace all the details of the cost breakup. Replies. Following one is the sample polo shirt costing sheet for basic concept. 1. Hence let us take some following styles as examples which are in regular use. Accurate knit fabric consumption and calculation is one of the most important factors for merchandising department of the apparel industry. 1. The profit of the order mostly depends on it. Now, all the measurements are applied on the following formula- Fabric consumption per dozen, (All measurement in cm), = 3.45 + 10% (in kg) = 3.795 kg per dozen. Dyeing Cost, As we know, poly bag cost is effected on the total price of the product, so this article will help those people who don’t know the way to calculate poly bag costing. OneLife 22:20. Calculating the garment costing, poly bag effect on total price of the product. Total FOB cost per dozen with profit% stands at ($42.54 + 15%) = $48.92 Given that, 6.1 Garment Costing According to ICMA London, Cost Accounting is that part of Management Accounting which establishes budgets and standard costs, and actual cost of operations, processes, departments or products and the analysis of variances, profitability and social use of funds. Above mentioned costing is most helpful for me.Thanks so much. Accessories Cost, He must to know below important factors for … Knitting and Washing Cost, Your email address will not be published. Commercial cost …………………………………. Accessories Cost per dozen- 2.00. Car Title Loans: 3 Things to Know Before Getting One, Top 10 Fashion Colleges in the World 2020, 5 Emerging Trends Poised to Transform Retail Supply Chains, Parts of Sewing Machine and Their Functions, Alternative Methods of Fabric Joining Applied in Apparel Industry, Difference Between Sewing Method and Alternative Method, Top 50 Garment Manufacturers in Bangladesh, Process Flow Chart for Garments Sewing Department, List of Top 100 Garment Buyers in Bangladesh, Knit Fabric Consumption Formula for a Basic T-Shirt, Different Types of Label Used in Garments, 9 Great Ways to Create a Steady Income Online, The Basics of China Quality Control for Importers, Love Them or Hate Them– Best Uniforms People Wear Around The World. In readymade garment, one of the most important material is Poly bag. I added extra rows where I need to calculate something to calculate sub costs and necessary information. Following one is the sample costing sheet of knit garments. Shirt, trouser, sarees, bed spreads, blankets, towels and made ups are woven. In apparel industry, packing accessories which are used for garment packing during garment shipment called packing accessories. Garments costing . Men’s Solid Pique Polo shirts, 6. A Garment costing will bear approx: 35% to 45% price of a total garment cost. It is required to Calculate Garments Cost of Making time to time because the main motive of garments manufacturer is to make a profit. If you need this following sheet in other format, then please knock me. Knit Garments Consumption Formula | Knit Top and Bottom Consumption 3. In the above formula, I have not included fabric loss due to fabric width, marker loss and fabric wastage (such as end loss, end bits, defects). He is a Textile Engineer and a Postgraduate in Fashion Technology from NIFT, New Delhi. Successfully Subscribed. This sheet can be followed for all other knit garments. Thank you very much nahid bhai to write such kind of fruitful blog concerned to RMG industry. Below is an example of an effective direct costing method to price a new product being added to a basic shirt line. = 4.13kg per dozen. The following two tabs change content below. Your email address will not be published. So, Total FOB cost per dozen with profit% stands at ($42.54 + 15%) = $48.92 Now, total FOB cost per pcs clothing is ($48.92 / 12) = $4.08. 7. Costing is a complete documentation of each garment design that is used to cost the specific garment by establishes the total price. Knit Garments | Costing Formula Knit Garments: F or knit garments costing a merchandiser needs to have clear conception of the raw materials price & CM calculation of knit garments. I have calculated the fabric-related costs together. The method of making costing will vary from style to style. Accessories Cost per dozen……………….…$ 2.00 ……………………… (C) I need knit garment's costing sheet with formula on excel sheet. 8. = 3.754 + 10% (in kg) $0.30 …………………… (F). Regards, Aftab. T-shirts, sweaters, undergarments, pyjamas and socks are knits. As there are many different styles in garments, it is not possible here to discuss all the styles. (E) Example of garment costing: The example of garment cost is given by assuming the following dimensions for polo neck T-shirt, no. There are so many in knit garments merchandising who still don’t know the proper garments costing method for a T-Shirt. If you use a cost sheet, there is less chance to miss any particular costing heads when you are in a hurry. Others cost …………………………………………. As garments costing depends on various aspects, so there is no specific formula for garments costing except this sheet. Fabric consumption per dozen, (All measurement in cm), I need knit garment's costing sheet with formula on excel sheet. A web resource for learning apparel manufacturing. This form of costing strategy is very effective for companies manufacturing basic garments like basic T-shirt, jeans, khakis, classic suits, etc. so, if i applied this formula, it would raise my prices significantly. Then calculate the garments costing (on FOB) per pcs for the order. Now, by adding A, B, C, D, E, and F, we will get the total FOB cost of the garments per dozen. Shirt, trouser, sarees, bed spreads, blankets, towels and made ups are woven. Every garments merchandiser should know the actual calculating method of it. Now, total FOB cost per pcs clothing is ($48.92 / 12) = $4.08, So, in the view of buying house costing (FOB) per pcs garment is $4.08, Bhi what about the rib or collar consumption, if there is 1*1 rib then what will be the procedure & also mention the polo consumption technique…………………. Copyright OnlineClothingStudy.com. So, Afridi November 27, 2018 at 10:43 AM. The costing is done by keeping in mind the cost of the various raw materials, operating cost of the company, the competition and expected profit of the organization. Total FOB cost per dozen = (A +B + C + D+ E + F) 6. This sheet will give you a basic clear concept regarding garments costing. Otherwise, a factory may fall into a huge loss. Cost of making (CM)……………………………. A proper costing can be done by using the proper garments costing method. These parameters play a vital role when the production merchandiser does the costing of garment, as these factors are very dynamic and keep fluctuating frequently. So, the total FOB cost per dozen stands at-$42.54 Awesome! Apparel merchandisers, and garment manufacturing business entrepreneurs do the garment costing and setting the selling price for their orders. Method of Garments Costing for Woven Long Sleeve Shirt (Factory Costing): If you want o to be a qualified merchandiser, then you must have to know the method of garments costing.In the readymade garments sector, garments costing is a very important port for a merchandiser.As its importance in garments merchandising, today I will present here the garments costing method for woven long sleeve … Ladies yarn striped T-shirts (Feeder stripes) 7. Fabric. $29.74 ………………………… (A) Dear Sir, Costing is a complete documentation of each garment design that is used to cost the specific garment by establishes the total price. 4.2. At first, a knit garment merchandiser should confirm the following matters before going to the knitted T-shirt costing: 1. An important part of the management of the textile mill is the determination of the production costs. Costing of Knit Garments: During the consumption, it is good practice to use the measurement of middle size for calculation or the size which have most of the quantity. Dear Sir, Knit fashion is now popular in the world market. based on this formula, that should be my wholesale price and i should charge $77 in the shop. At glance, it appears to be clean and organized. This site uses Akismet to reduce spam. Oct 31, 2019 - This sample Costing Sheet of Garments Manufacturing will help you to develop an excel sheet and do necessary costing of your garments before taking an order The Formula of Calculating Garments Cost of Making Considering Whole Factory Cost Monthly Garments Cost of Making (GCM) = (Monthly Total Cost of Garments Operation)/Monthly Total Output Produced by the Factory. $0.50 ……………………. Commercial Cost, Suppose, Fabric Consumption : The quantity of fabric needed for making a garment is called fabric consumption for costing. Product and process costing in the garment manufacturing. Here Total Cost include both fixed and variable Cost of your garments factory for one month Actual fabric cost = Total Grey fabric cost + {{(knitting cost + washing cost) + dyeing cost} × 4.13kg] per dozen with very little variations in labor, product development, and marketing costs. We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Regards, Aftab. 6.1 Garment Costing According to ICMA London, Cost Accounting is that part of Management Accounting which establishes budgets and standard costs, and actual cost of operations, processes, departments or products and the analysis of variances, profitability and social use of funds. of working days = 26, line efficiency considered= 50%, sewing SAM= 15 min., Cutting SAM= 7 min. Learn how your comment data is processed. There are two types of garments, namely woven and knitted garments. Step 3: Calculate fabric cost per garment (N): Factory has incurred a cost in insurance and freight and finance charge. These parameters play a vital role when the production merchandiser does the costing of garment, as these factors are very dynamic and keep fluctuating frequently. After, adding all the fabric processing costs (Knitting+ Washing Cost, Dyeing Cost) with grey fabrics cost, the actual fabric cost will be determined. All Rights Reserved. Men’s Pyjamas, 5. In the garments sector, a business is totally standing on the profit of garments costing. Here costing given per pcs wise and dozen wise for your easy understanding. Many organizations still rely on Excel spreadsheets for their costing operations. Men’s Printed Polo shirts, 3. The second duty is to calculate fabric consumption and costs. If you don't see the email within a few minutes, check the spam/junk folder. if possible, please send me the costing sheet on excel format my mail--- rhmaftab@gmail.com Thanks ! of pieces = 4000, salary of the operator =6000 Rs./month=120$/month no. Enjoy reading our free contents. Knit fabrics are usually measured in kilogram whereas it is related to GSM as well. Following one is the sample polo shirt costing sheet for basic concept. All the measurements are applied in the following formula-. 2. Garments Costing: Garment costing is a very important part of export garments business. T-shirts, sweaters, undergarments, pyjamas and socks are knits. Reply Delete. Here we will … Awesome.. 2. Cost of Making (CM), couple questions: Knitting and Washing Cost per kg- $1.20 As a result, fabric consumption should be done accurately after receiving the order. For example, If the style has 6 sizes then better to use size number 04 for consumption. with very little variations in labor, product development, and marketing costs.